Light & Wonder Inc Chess Depository Interest

LNW: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$934.00	Kglp	Mskjcfhj

Light & Wonder Earnings: Strong Period as Highly Anticipated Dragon Train Arrives in the US

Angus Hewitt

May 10, 2024

Light & Wonder continues to perform strongly. Underlying first-quarter EBITDA of USD 281 million was about 13% higher than the previous corresponding period. This broadly tracks our unchanged full-year forecast of USD 1.2 billion. This was primarily driven by the core gaming business, lifting underlying segment EBITDA 13% on the PCP to USD 232 million. We think much of this success comes down to the new Dragon Train game, which enjoys exceptional success in Australia.

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